Edinmore funding to fuel expansion

INSURANCE contracting and surveying specialist Edinmore Contracts is planning to create up to 30 new jobs by opening at least one new office in the next few months.

The expansion is being backed by an undisclosed size of funding package provided by Clydesdale Bank.

Edinmore, based in Grangemouth and founded in 2005, is a new customer to the bank and said the money will help it to take on a wider range of contracts.

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It already employs 97 people and mainly works on repairs for companies such as Zurich, Aviva, DLG and Cunningham Lyndsey.

As well as that it surveys damaged buildings and has an in-house claims management team.

Now Edinmore is considering locations in south-west Scotland or Tayside to widen its geographic reach.

Depending on demand, it may end up opening facilities in both areas.

The bulk of the new jobs being created are likely to be in construction, although there may also be some surveying posts.

Clarke Faichnie, managing director of Edinmore, said he was confident of achieving the company's growth plan and delivering further success.

He said he is looking forward to working closely with the "knowledgeable" team at Clydesdale Bank.

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Edinmore's turnover is predicted to grow beyond the current £6 million once new operations are up and running.

Terry Quinn, business development manager at Clydesdale Bank in Falkirk, said: "The success of Edinmore Contracts is a testament to the experience, drive and expertise of Clarke Faichnie and the management team, and represents all that is good about the entrepreneurial spirit of Scottish businesses."

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